The Equilibrium Analysis of the Lottery Market
WEI Lu (Department of Public Finance, Shanghai University of Finance and Economics,Shanghai, China, 200433)
Using the lottery market in Shanghai as an example,this paper analyzes the equilibrium of the lottery market from its supply and demand. The supply curve depends on the design of the game rule, the demand curve depends on the funning derived from buying the lottery and its effective price, and the equilibrium is decided by them together. And this paper puts forward some policy implications for maximizing the sale revenue according to our equilibrium analysis of the lottery market.